"He's working on a script right now for us," Chong told the site of their collaboration with Chandrasekhar. "We've had some preliminary meetings. It looks really good. It looks really funny. It's about us going to a festival called the Burning Joint. All sorts of shenanigans happen. It's going to be a lot of fun."

Cheech & Chong last clouded crowded theaters together in 1983 with "Still Smokin'," though a cartoon featuring their old recordings -- "Cheech & Chong's Animated Movie" -- was released last year. Chong told Celeb Stoner that he and Marin weren't involved with the creation of that film (they just signed off on it), but will have a hand in the development of -- and starring roles in -- Chandrasekhar's flick.

"They came at us with a rough idea and now they're fleshing it out and making it into a budgetable script," Chong said. "We could start shooting this summer."

Like “Wall Street: Money Never Sleeps,” this sequel pegs its timing to the main character's prison release. Sadly, the protagonist's brother / partner in crime has died; a plot point they had to weave into the story because the actor who played him, John Belushi, was himself gone. Belushi was a big part of the original, and while to some that would seem like enough of a reason to never pursue a sequel, John Landis and star Dan Aykroyd returned to reprise their roles of director and star, respectively. “Blues Brothers 2000” received nearly universal negative reviews -- a stark contrast to the first -- and earned just $14 million to “The Blues Brother”’s $115 million haul. There are very few sequels as disliked by hardcore fans as this.